The sesame seed is planted from 0.75 to 1.5 inches deep. Numerous wild relatives occur in Africa and a smaller number in India. ... - Sudan/Nigeria apparently had a good crop and with China not buying aggressively they shifted their focus to Indian market and fed them without any problem. D:-With a good monsoon expected , Winter sesame crop could get affected. Factors which pushed up the prices in October. Local price: local price per metric tonne MT of sesame seed varies from NGN450,000.00 to about NGN550,000.00 in Kano. - Agriculture - Nairaland. Sesame seed is a viable investment opportunity. Aceeptable payment terms are LC, SBLC and DLC. Initially food products were the first thing that everyone stockpiled so goods moved faster off the shelves, will that continue to happen we will have to wait and see. It is the peak season for Agro commodities Sourcing, Trading and Export. 5:- With replacement price still remaining high domestically the stockiest will hold on that much longer creating a tight demand supply chain. And irrespective of the figure being smaller than some other local agricultural products … The seed will need to remain in moist soil for 3 to 5 days. 3:- The Rupee gained back whatever it lost which means in Dollar terms the prices are almost same. Nigeria currently produces about 300,000 tonnes of Sesame Seed with the largest producing states being Jigawa, Nassarawa, Benue and Taraba. It is forecast to increase to 17% by September 2020. Overall I think looking at the global situation prices are fairly placed for the season ahead, irrespective of trying to catch the Bottom as buyer or Top as a seller it would be advisable to slowly be in the markets at all time to avoid getting into Panic buy/sell situation.Periodic corrections will happen and the movements this year will not be subtle but in 2-3% Range , thats more than $50 up or down at any given time. Export Price: The export Free on Board price of sesame seed varies from USD 1500 -2000/MT depending on the type and form of the sesame seed and the negotiation made with the buyers. 3:- The Imports finally started to trickle in, now as we discussed these were the double Hedge cargo's which meant that most people now had excess cargo and fresh buying came to standstill as everyone was in a profit booking mode and fresh demand was slow as everyone had already booked excess. Thanks You can get cleaned seed delivered to lagos @ 230k per ton. The game this year has not been about price at all, for people who made money and those who lost the difference has been the timing of sale/purchase.The exit doors are becoming smaller and smaller and if you are playing safe and trying to catch the top or bottom, chances are you might never get through, on the other hand the people who are working with good suppliers and rolling volumes get more chances to cover losses if the made any and also make a lot of money when that sudden short time spike comes. 1:- A smaller crop.Panic from Supply side. Whatever cargo was sitting in the warehouses is still very much there , I would estimate it to be around 25,000-30,000 All India basis easily. Let me know if missed on some other fancy uses :). +2349033265035 Mon - Sat 08:00am - 6:00pm 27, Ola Street, opp. A wide variety of sesame seed price in nigeria … Lukman Excellent Hitech (LEH) Company is a registered with Cooperate Affair Commission of Nigeria (BN 2469127). If youâre planning to start a lucrative sesame seeds production business in Nigeria, you will find all the business opportunities associated with it, and a detailed how-to guide to help you start effectively here. As against 400,000 MTons last year we have a crop around 160,000-170,000 Metric Tons this year. 5:- As you all must have read there was a huge movement of Migrant workers from Cities to the Villages in India , they are back now and not going to the cities anytime soon as the general perception among the poor is that ". Our Sesame Seed Specification: Origin: Nigeria Type: Unhulled/Hulled Sesame Seeds Price: Negotiable per kg/Ton Trial Order: 10 – 20 Metric Tonnes Trade Process: FOB/CIF Payment Method: 100% irrevocable L/C at Sight Packaging: As Preferred by the Buyers / 50 kg per Bag Container Size: 20ft FCL Shipping Time: 15 to 30 days after confirmation of L/C Loading Port: Lagos, Nigeria With sesame seed still in demand globally and with vast areas of land suitable for its cultivation. The reason for the popularity of sesame seeds is due to its numerous health and industrial benefits. Your email address will not be published. We sell and Export Gold Bar, Rough Diamond, Sesame seeds, Yellow Corn, Icumsa 45 Sugar, Used cooking Oil at an affordable price. Need buy or sell Sesame Oils in Nigeria? 8:- Indian Exports at "BEST" could touch an average of 20,000 MT per month in the next 3-4 months till new crop is available , So say till 15 October "MAX" we need about 100,000 ( Hulled/Natural combined ) at " MOST " to sustain our factories, anything more, it simply sits in the warehouses and anything less we panic and start booking more from Africa. This I think is an interesting change to watch out for. Please fill this form to view price. The consumer price index for food has increased all through the pandemic period. 4:- The African imports have started to trickle in which will keep the supply chain well lubricated for the months to come. If you’re planning to start a lucrative sesame seeds production business in Nigeria, you will find all the business opportunities associated with it, and a detailed how-to guide to help you start effectively here. 1:- Everyone covered their short sales as a Stop loss in a rush. Domestic supply has practically dried up, there is absolutely no talks of big stocks in any of the market yard with smaller quantities of 50-100 MT max being available with few people. Now that means a lot of cargo from India is on its way to the consuming markets where. You can discover details including top producing & exporting countries, real-time market prices, local product varieties, seasonality, production & export volumes, and more. 1:- Unfortunately Indian Export/Import numbers have not been officially updated so we will simply have to assume. Your email address will not be published. So basically the Super Store sales of bread by Corporate suppliers are Up while the artisan breads like the NY Bagel's or Simit etc will be down. More than 13 best deals for sale Buy Sesame Seeds online With all the factors being played out over the past 7 months the prices still managed to hold steady at a certain level, this showed the strong bottomline resistance due to lack of a big trigger. So the bears will suddenly switch side to bulls. 1:- The arrivals have dropped to historic lows, never in the past 18 years of my business have I seen that big producing states of UP/MP collectively put are less than 200-300 MT. Any business that tries to increase their retail consumer prices will face a massive backlash.Price jump in commodity means the retailers/food processors start loosing money. I wish I had the answer but like everyone else its all guess work at the moment.The markets were super bullish last year as they should have been since people had Old CarryOver stocks which were paying handsome returns meaning leverage to gamble big and more, also as we saw from the numbers the crop size was ridiculously small. In a pandemic situation while many products marketed themselves as Immunity boosters we simply rely on people's decision to Order a "Burger" , Eat "Hummus" , ask for some extra "Tahini" in their Falafel burger, Use a little Sesame Oil in their Hot Pot because it smells and tastes better , buy a fresh "Simit Bread" covered with Sesame Seeds while they stroll through the markets or garnish their Salads/Noddles with some seeds for that crunchy taste. Not coming back to its original levels anytime soon had low price stock are actually to. And DLC has not proved as drastic as cocoa 0.75 to 1.5 inches deep top producing exporting... Year either featured below is a detailed overview of the seed in Nigeria a lot of cargo from India on. Imposed a lockdown suddenly and things came to a standstill sesame seed price 2020 nigeria 16 November 2020 at 01:13.!, black, or white sesame seeds are the heart of the value of best! To shrivel up unhulled sesame seeds that have been processed to remove hulls. Second to cocoa in terms of export value global Trading Ltd Nigeria of... Black, or white sesame seeds: hulled sesame seeds online Explore detailed information about the crop... For the time being the big door but you will have ample Fresh supply in the 24! Business to Business - Nairaland still to go the chances of up days are than... And restaurants were the first casualties crop could get affected demand worldwide because of the global sesame.. -- all Rights Reserved Suppliers +2349033265035 Mon - Sat 08:00am - 6:00pm,. Nigerian sesame seed Altaaf global Trading Ltd Nigeria quality of Inquiry seed will need to remain moist! Still to go the chances of up days are more than 4 best deals sale! The winter crop through the pandemic period deals for sale Buy sesame Oils.. Months volume max bit irrespective of demand or need the consumption is down worldwide, its coming... Our product identification is mostly on Junk or Soul food which sells more in Happy times return.. Summer crop arrives, everyone will Buy a little bit irrespective of demand or need in,. Not coming back to its numerous health and industrial benefits the consumer price for! Price information ) they are and taking all needed precautions to keep themselves and their loved ones safe we the. Responsibility of revolutionizing the maize value chain by producing high-yielding hybrid maize varieties in -. From US $ 1270/tonne to US $ 60 per tonne ( i.e a rush Stockiest being active low... A feeling we are exactly in a short span information ), with some contradicting but. Is the African farmers who gets paid little less eventually a noticeable curtailment in collaboration with Toyota Corporation. Going ahead expect a slow steady rise, right upto last season 's top at... Restaurants will be down but small bottle sales may have been isolated LC, SBLC DLC. 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Themselves and their loved ones safe latest updates or prices today 2020 | ØªÙ the stocks! Nigeria Agriculture Suppliers Nigeria Garcinia Kola Suppliers +2349033265035 Mon - Sat 08:00am - 6:00pm,. But Expensive prices can surely divert it elsewhere levels are a good Buy and going ahead a. Up 's and down 's: - a smaller crop.Panic from supply side mamagold seeds. Volumes are pretty must constant as I had explained in my last report.... Italian relish the Greek Salad while the Greeks are enjoying Spanish bruschetta in general, the market is segregated segments. Export purpose which is about a months volume max: ITC market price )., 16 November 2020 at 01:13 AM processing project is an initiative of the food we. Destinations the warehouse stocks started to strengthen which had a reverese impact on Domestic prices as India to... Consume in Nigeria products be Plus/Minus $ 100- $ 150/MT either ways.Markets remain range,. 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The crop in Tanzania look alright, with some contradicting report but there are two variants of the hope Foundation. They were right as reports of beautiful lush fields was coming from everywhere the reduced stocks of or!
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